David Bloom Joins First Republic Bank

First Republic Bank, May 5, 2011

Business Banking Team Adds Senior Financial Services Professional

First Republic Bank, a leading provider of private banking, private business banking and wealth management services, today announced that David Bloom, who has 17 years of commercial banking experience, has joined First Republic as Managing Director.

Based in San Francisco, Bloom specializes in serving the needs of businesses by providing lending and deposit services, foreign exchange, letters of credit, online banking, business escrows, brokerage, securities custody, and cash management.

“David Bloom is a very experienced banker who has helped many companies in San Francisco grow their business,” said Katherine August-deWilde, President and Chief Operating Officer of First Republic Bank. “David joins a growing team of bankers who offers customized services to meet the specific needs of business clients. He shares First Republic’s commitment to providing the same level of exceptional client service that has been the hallmark of the bank for 25 years.”

Prior to joining First Republic, Bloom was a Senior Vice President and Regional Area Manager at Wells Fargo’s Business Banking Group in San Francisco. Earlier in his career, he worked for WestAmerica Bank and Golden Gate Bank. Bloom earned a Bachelor of Arts degree from the University of San Francisco.

About First Republic Bank

First Republic Bank (NYSE:FRC) and its subsidiaries provide private banking, private business banking and private wealth management. Founded in 1985, First Republic specializes in exceptional, relationship-based service offered through preferred banking or wealth management offices primarily in San Francisco, Palo Alto, Los Angeles, Santa Barbara, Newport Beach, San Diego, Portland, Boston, Greenwich and New York City. First Republic offers a complete line of banking products for individuals and businesses, including deposit services, as well as residential, commercial and personal loans. First Republic is included in the S&P Total Market Index and Wilshire 5000 Total Market IndexSM. More information is available on the Bank’s website at www.firstrepublic.com.

About First Republic Private Wealth Management

First Republic Private Wealth Management is the investment management, trust and brokerage group of First Republic Bank. First Republic Private Wealth Management offers objective advice and fully customized solutions with the same level of exceptional client service that has been the hallmark of First Republic Bank for more than 25 years. First Republic has the flexibility to provide individuals, families, businesses, endowments, schools and non-profit organizations with appropriate choices that responsibly meet a client’s specific investment objectives.